With a debt default looming and demonstrators taking to the streets of Athens, the Greek Prime Minister George Papandreou is trying to form a new government and seeking a vote of confidence from his Pasok party.

Anni Podimata, a Pasok party MEP who sits on the EU Parliament's Economic and Monetary Affairs Committee, considers Mr Papandreou's position.

And Jan Randolph, director of sovereign risk at IHS Global Insight, assesses the possibility of a new austerity package.

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